Global bauxite market is anticipated to grow at a moderate CAGR of 2.5% during the forecast period (2024-2031). The increasing construction industry globally has driven demand for bauxite for production of cement. Therefore, major cement factories are providing contracts for its mining and supply. For instance, in September 2023, Adbri has awarded ABx Group a contract to provide 90,000–120,000t of bauxite to its cement factory in Birkenhead, South Australia, starting in early 2024 and continuing for five years. A "conservative" estimates of $5.4 million has been published by Business News regarding the contract's value. Bauxite from ABx Group's DL130 mining operation will be supplied. Three resources totaling 13.7 million Tons of bauxite reserves are under the project's control.
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In the same month, Ashapura Holdings (UAE) FZE signed 2 contracts for the supply of Bauxite from Guinea and Ashapura Guinea Resources SARL for the supply of iron ore from Guinea. The two contracts for supply of 24 million tons of Bauxite from Guinea were signed with a subsidiary of the Chinese aluminium major, State Power Investment Corp ("SPIC"); the first contract, a 3 million tons per annum supply contract for 3 years and the second contract, a 3 million tons per annum supply contract for 5 years.
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Grade
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesAlcoa Corp., Rio Tinto, Aluminum Corporation of China Limited (CHALCO), Rusal, ALCO India, Hindalco Industries Ltd., Emirates Global Aluminium PJSC, among others.
Key questions addressed by the report.
Global Bauxite Market Report Segment
By Grade
By Application
Global Bauxite Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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